FEVR Fees and Costs — Inspire Faithward Large Cap Momentum ESG ETF
Data updated: 2022-10-28
The net expense ratio is 0.80%: a 0.65% management fee plus 0.44% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $17K in broker commissions, 0.0465% of average net assets, and portfolio turnover was 178%.
FEVR Fees and Expenses
Annual operating expenses and sales charges of FEVR. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FEVR Costs Over Time
On $10,000 invested in FEVR, assuming 5% a year before costs, total costs come to $531 over 5 years, cutting the return by 0.89% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $291 | $531 |
| Value after costs | $10,411 | $11,285 | $12,232 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
FEVR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0465%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $78.2M
- Portfolio turnover (prospectus): 178%
- Securities lending: none during the year
FEVR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GTS Securities LLC | $17K | 100.00% |
FEVR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $41.2M | 52.72% |
| Goldman, Sachs & Co. LLC | $26.0M | 33.29% |
| Virtu Americas LLC | $10.9M | 13.99% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.